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$575,000

For Sale - Active
2770 NW 164th Ter, Miami Gardens, FL 33054
4 Beds
2 Baths
1,200 Square Feet
0.24 Acres Lot
Built in 1954
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 23, 2025 at 03:55AM

Investment Summary


Monthly Cash Flow
-$762
Cap Rate
4.6%
Cash-on-Cash Return
-6.9%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.7%

Property Description


0.24 Acres Lot
Built in 1954
For Sale - Active
Units n/a

Charming Corner Home with Extra Lot & Modern Upgrades! This beautifully maintained single-family home is perfectly situated near the expressway, offering convenient access to major routes and just 20 minutes from the beach. Sitting on a spacious corner lot with an extra parcel, this property provides ample room for a boat, RV, or additional outdoor activities. Inside, the kitchen and bathrooms were tastefully remodeled 6 years ago, blending style and functionality. Enjoy the peace of mind that comes with impact windows throughout and underground electricity, ensuring durability and reliability. Don’t miss this rare opportunity to own a home with space, location, and modern comforts!

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Location


Property Details


Parking

  • Description: Other, RvAccessParking
  • Details: Other, RV Access/Parking
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Roof Material: Other, Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 3421160040240
  • Lot Size: 10571 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Detached, OneStory
  • Year Built: 1954

Tax Information

  • Annual Tax: $3,614

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Miami Dade

Listing Details


Listed by:
Anadalys De Armas
IL Mare Properties, LLC.
(305) 510-9841

Source:
MIAMI REALTORS MLS
MLS#: A11744740
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$762
Cap Rate
4.6%
Cash-on-Cash Return
-6.9%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.7%

Purchase Details

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Purchase price:
$575,000
Amount financed:
-$460,000
Down payment:
$115,000
Closing costs:
$17,250
Rehab costs:
$0
Initial cash invested:
$132,250
Square feet:
1,200
Cost per square foot:
$479
Monthly rent per square foot:
$3.00

Financing Details

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Loan amount:
$460,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,945
Property tax:
$301
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,498

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$301-$3,614
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$1,201-$14,414

Cash Flow


Monthly Yearly
Net operating income:
$2,183 $26,196
Mortgage payments:
-$2,945 -$35,340
Cash flow:
$762 $9,144